Food and Beverage
Food Products
The board of bankrupt Texas utility Energy Future Holdings will meet later on Sunday to decide whether to sell its crown jewel, power transmission company Oncor, to Buffett's Berkshire Hathaway Inc or accept an opposing bid from Sempra Energy, a person familiar with the confidential deliberations said on condition of anonymity. The rival bid for Oncor was...
BEIJING/ SAO PAULO, Aug 18- China has launched an anti-dumping investigation into imports of Brazilian broiler chicken in another blow for the South American country's meat industry and threatening over $1 billion of exports annually. The investigation comes after a complaint from China's domestic industry that Brazil, its top supplier of chicken, has been...
Aug 18- Nestle SA on Friday paddled back claims in a new lawsuit in which Atari SA accused the Swiss food company of pilfering its classic 1970 s video game "Breakout" to help sell Kit Kat chocolate-covered wafer bars. Nestle damaged Atari's goodwill and reputation on Facebook, Twitter and television by exploiting the name, look and feel of "Breakout," it said in a...
WASHINGTON, Aug 17- Argentina has agreed to allow imports of U.S. pork products for the first time since 1992, the White House said in a statement on Thursday. The United States is the world's top pork exporter, and the agreement opens up a potential $10- million- per-year market for U.S. pork producers, the statement said. From January to June of this year U.S. pork...
BUENOS AIRES, Argentina— The United States said Thursday that it has agreed to terms on a deal to export pork to Argentina for the first time in 25 years. Argentina blocked imports of U.S. pork in 1992, saying it had concerns about animal health. President Donald Trump first discussed the issue with Argentine President Mauricio Macri at the White House on April 27.
MEXICO CITY, Aug 17- Mexico's Sigma Alimentos, a unit of conglomerate Alfa, has filed a request with the Mexican bourse to list its shares in an initial public offering, it said in a stock exchange statement on Thursday. The food company, which mainly sells cold meat and dairy products, did not give any information about how much it would seek to raise or when the...
SHANGHAI, Aug 17- China stock indexes rose on Thursday as materials firms won back ground lost in the previous session, but weakness in technology and consumer non-cyclicals kept a lid on gains. China CSI300 stock index futures for August rose 0.4 percent, to 3,706.8, or 7.66 points below the current value of the underlying index. "The Shanghai index faces...
RICHMOND, Va. _ Performance Food Group Co. on Wednesday reported fiscal fourth-quarter net income of $40.4 million. The Richmond, Virginia- based company said it had net income of 39 cents per share. For the year, the company reported profit of $96.3 million, or 93 cents per share.
BRASILIA, Aug 15- A Brazilian federal prosecutor believes top executives of J&F Investimentos did not confess all their crimes in plea-bargain testimony and plans to bring corruption charges against them, the Estado de S. Paulo newspaper reported on Tuesday. Prosecutor Ivan Marx told the newspaper the plea deal by the executives who control JBS SA, the world's...
bets@ SAO PAULO, Aug 15- The Mexican peso weakened on Tuesday after news of the largest gain in U.S. retail sales in seven months, leading traders to rethink skepticism about a potential U.S. rate hike this year. Losses were limited, however, by easing tensions between the United States and North Korea, which drove some demand for risky assets and triggered a second day...
Ellen Manfalouti filed a lawsuit in Bucks County Court over the tiny rodent she claims was baked into the bottom bun of her chicken sandwich.
SAO PAULO, Aug 15- JBS SA will proceed with plans to list a U.S.-based unit when market conditions allow, as the world's No. 1 meatpacker wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal. In a Tuesday conference call to discuss second-quarter results, Chief Executive Officer Wesley Batista said JBS...
SAO PAULO, Aug 15- JBS SA said it will proceed with plans to list a U.S.-based unit when market conditions allow, as the world's biggest meatpacker wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal. In a Tuesday conference call to discuss second-quarter results, Chief Executive Officer Wesley Batista...
bets@ SAO PAULO, Aug 15- Latin American currencies mostly weakened on Tuesday after the largest gain in U.S. retail sales in seven months, leading traders to rethink skepticism about a potential U.S. rate hike this year. Losses were limited, however, by easing tensions between the United States and North Korea, which drove some demand for risky assets and triggered a...
TORONTO, Aug 15- Canada's main stock index slipped on Tuesday, with gains for financial stocks offset by losses for oil companies as crude prices fell. Precious metals miners also lost ground as the price of gold pulled back on easing geopolitical tensions over North Korea. Suncor Energy Inc slipped 0.4 percent to C $40.68, and Pembina Pipeline Corp fell 0.9...
HOUSTON _ Sysco Corp. on Monday reported fiscal fourth-quarter profit of $305.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share. Four analysts surveyed by Zacks expected $14.23 billion.
NEW YORK, Aug 11- Trian Partners cut its stake in snack maker Mondelez International Inc. during the last quarter, and boosted its shares in conglomerate General Electric, according to the activist fund's latest securities filing.
VANCOUVER, British Columbia _ Burcon Nutrascience Corp. on Friday reported a loss of $1.1 million in its fiscal first quarter. The Vancouver, British Columbia- based company said it had a loss of 3 cents per share. Keywords: Burcon Nutrascience, Earnings Report.
Shoppers want to eat and drink healthy, and companies are responding. Here are some popular products.
But that hasn't stopped stores in Germany and the Netherlands from stripping them from supermarket shelves, or prevented other European food safety agencies from issuing warnings. Amsterdam shopper Karla Spreekmeester said Friday that she only buys eggs from stores selling organic food products. The EU said contaminated eggs have been found at producers...
